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Goldman chief says profit matters after WeWork loss

Goldman Sachs, stung by losses in Uber and WeWork, has a message for investors in growth stocks: profit matters. After years of pursuing revenue growth at all costs, driven by cheap money, markets... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkNov 8th, 2019

Goldman profit slammed by souring WeWork, Uber bets

Goldman Sachs Group Inc missed Wall Street estimates for quarterly profit on Tuesday as it took heavy losses from high-profile investments in WeWork and Uber Technologies and faced up to a weakening global economy......»»

Category: topSource: reutersOct 15th, 2019

Goldman profit falls short on weak M&A advisory; WeWork weighs

Goldman Sachs Group Inc missed Wall Street estimates for quarterly profit on Tuesday as global economic worries dampened appetite for deals, while it faced up to losses on its own high-profile investments in Uber Technologies and WeWork......»»

Category: topSource: reutersOct 15th, 2019

ZIM Turns A Profit In Second Quarter

ZIM Integrated Shipping Services reported a net profit in the second quarter of 2019 of $5.1 million, compared to a $33.2 million net loss in the second quarter of 2018. Eli Glickman, the president and chief executive officer of the Israe.....»»

Category: earningsSource: benzingaAug 21st, 2019

Tesla"s Musk "sees merit" in capital raise, vows profit in third quarter after large loss

Tesla Inc Chief Executive Elon Musk suggested on Wednesday a capital raise could be imminent, as the electric vehicle maker lost $700 million in the first quarter and predicted a return to profit in the third......»»

Category: topSource: reutersApr 24th, 2019

Tesla"s Musk "sees merit" in capital raise, vows profit in Q3 after large loss

Tesla Inc Chief Executive Elon Musk suggested on Wednesday a capital raise could be imminent, as the electric vehicle maker lost $700 million in the first quarter and predicted a return to profit in the third......»»

Category: topSource: reutersApr 24th, 2019

Goldman Sachs beats on bond trading strength, names new CEO

Goldman Sachs Group Inc reported a better-than-expected quarterly profit on Tuesday and named bank insider David Solomon to replace long-time Chief Executive Lloyd Blankfein......»»

Category: topSource: reutersJul 17th, 2018

Goldman Sachs names new CEO, profit beats; shares dip

Goldman Sachs Group Inc announced a new chief executive on Tuesday and reported a better-than-expected jump in quarterly profit, but investors focused on relatively weak performance in its main businesses......»»

Category: topSource: reutersJul 17th, 2018

Goldman Sachs predicts no recession in 2019 but sees a "sharp slowdown"

Goldman Sachs does not foresee any recessions in major economies in 2019 but low profit growth is on the cards in the U.S. and Europe, its chief global equity strategist told CNBC Tuesday......»»

Category: topSource: moneycentralJan 15th, 2019

Rising trading revenue lifts Goldman"s results

Goldman Sachs swung to a quarterly profit from a loss, and those earnings topped expectations. It was the only Wall Street bank to grow its trading revenue. Fred Katayama reports......»»

Category: videoSource: reutersJan 16th, 2019

Goldman dealmakers shine in Solomon"s maiden quarter

Goldman Sachs Group Inc turned in a better-than-expected profit during David Solomon's first quarter at the helm, helped by dealmakers in the division the new chief executive once oversaw......»»

Category: topSource: reutersJan 16th, 2019

Ford Swings to a Loss, Misses Analysts" Profit Estimates

Ford’s fourth-quarter operating income dropped 28% amid worsening losses in China and Europe, underscoring the pressure on the auto maker’s stout U.S. business as Chief Executive Jim Hackett tries to revitalize the company......»»

Category: smallbizSource: wsjJan 24th, 2019

General Electric posts small profit in Q4, cash flow slows

U.S. industrial conglomerate General Electric Co reported a $666 million profit from continuing operations for the fourth quarter, recovering from a $11.2 billion loss a year ago, as it accelerated restructuring under a new chief executive......»»

Category: topSource: moneycentralJan 31st, 2019

General Electric posts small profit in Q4, cash flow slows

U.S. industrial conglomerate General Electric Co reported a $666 million profit from continuing operations for the fourth quarter, recovering from a $11.2 billion loss a year ago, as it accelerated restructuring under a new chief executive......»»

Category: topSource: moneycentralJan 31st, 2019

WeWork reportedly plans to lay off at least 4,000 people

The company is recovering from major losses after a failed IPO in September and reported a loss of $1.25 billion in the third quarter......»»

Category: topSource: moneycentral2 hr. 32 min. ago

WeWork reportedly plans to lay off at least 4,000 people

The company is recovering from major losses after a failed IPO in September and reported a loss of $1.25 billion in the third quarter......»»

Category: topSource: moneycentral2 hr. 32 min. ago

T-Mobile"s outgoing CEO John Legere says he "was never having discussions to run WeWork"

T-Mobile US Inc. Chief Exe.....»»

Category: topSource: marketwatch2 hr. 32 min. ago

J.C. Penney posts smaller loss under CEO Soltau, shares rise

J.C. Penney Co Inc on Friday reported a smaller-than-expected quarterly loss as it sold more diamond jewelry and denim clothing, results Chief Executive Jill Soltau said showed efforts to revive sales and profits at the department store are taking hold......»»

Category: topSource: reutersNov 15th, 2019

J.C. Penney"s loss smaller than expected, shares soar 13%

J.C. Penney Co Inc on Friday reported a smaller-than-expected quarterly loss on lower ad spending and higher margins, results Chief Executive Jill Soltau said showed efforts to revive sales and profits at the department store are taking hold......»»

Category: topSource: reutersNov 15th, 2019

Dillard"s shares jump after the retailer reports an unexpected profit

Dillard's Inc. stock jumped 7.7% in Thursday premarket trading after the department store retailer reported a third-quarter profit rather than the loss that the Street was expecting. Net income totaled $5.5 million, or 22 cents per share, dow.....»»

Category: topSource: marketwatchNov 14th, 2019

WeWork Posts Record Loss In Q3: Report

Co-working space startup WeWork made a net loss of $1.25 billion in the third quarter in 2019, the company told its investors on Wednesday, according to the Wall Street Journal. 0 read more.....»»

Category: blogSource: benzingaNov 14th, 2019